
America's Biggest Car Companies Are in Trouble
Plain English with Derek Thompson
00:00
Decarbonization Dilemma in Michigan's Auto Industry
The political significance of Michigan's auto industry for Biden's reelection and the decarbonization dilemma he faces are crucial. The fear of a China shock affecting Michigan is troubling due to the dominance of Chinese companies in the EV supply chain. Republicans criticize green initiatives like the IRA as a Chinese subsidy, urging to protect American interests first. Supporting decarbonization while avoiding the bankruptcy of Michigan's big three remains a challenging balance for policymakers seeking to make environmental initiatives popular.
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